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Listed by Aaron Jacobson, DRE #02100737 • Lyon Stahl Investment Real Estate, Inc.
$1,225,000
Est. payment /mo
9 Beds
5 Baths
3,960 SqFt
New
2911 S Palm Grove AVE Los Angeles, CA 90016
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,960 sqft
Price per Sqft $309
MLS Listing ID CRSB26187308
Bedrooms 9
Full Baths 5
Year Built 1930
Lot Size 5,199 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
2911 S Palm Grove Ae offers a rare opportunity to purchase a triplex in a strong picket of West Adams, with 2 of 3 units delivered VACANT. The property features a great mix of units, consisting of (1) Vacant 3 bed/1 Bath measuring at 1,100 Square Feet, (1) Vacant 4 bed/3 Bath measuring at 1,950 Square Feet, and (1) occupied 2 Bed/1 Bath measuring at just under 1,000 Square Feet. An owner-user can take advantage of the vacant units by occupying one unit while generating rental income from the remaining units, making the property an attractive opportunity for both investors and owner-occupants. Once fully rented, the property is expected to operate at a 6.06% cap Rate, collecting $8,884 in total scheduled rent, based on market rents. Additionally, the property may offer the potential to construct ADUs (Buyer to Verify), creating further long-term value-add opportunity. The property is conveniently located in West Adams, in close proximity to Culver City, USC, Downtown Los Angeles, and major transportation corridors including the I-10 Freeway and Metro Expo Line.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Rooms
Family Room Other
Interior
Cooling None
Fireplaces Type None
Laundry None
Exterior
Garage Spaces 1.0
Pool None
View None
Building
Water District - Public
Others
Tax ID 5057026028
Special Listing Condition Not Applicable
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